All Forum Posts by: Josh Wood

@Bob Beach

Hi Bob, My family and I have acquired a good amount of properties in Memphis TN. Up until recently (the last 2 years) they were all self managed. I began the daunting task of seriously vetting probably a dozen property management companies. I compiled a 2 page document that I could submit to the PM companies to answer most of my questions before I even scheduled a meeting. As a result I found one that checked all of our boxes, and so far they have been amazing. They are always available (phone or email), maintenance requests are routed to me, approved, and in most cases repaired in the same day. As for tenant screening I prefer to be a bit more involved so they will call to discuss each applicant in detail via phone (personal preference). So far it has been a great fit for us.

Feel free to send me a message and I will be glad to give you their info as well as the 2 page PM questionnaire I used to make our decision a bit easier.

-Josh

I am searching for an Agent that is Investor Friendly in the Fort Lauderdale/Hollywood Florida area. I am seeking an SFR or Duplex that needs a some work. If anyone has any tips or can point me in the right direction feel free to respond or message me directly.

@Bill Brandt thanks for the reply. I’m definitely interested in maximizing my opportunity to acquire and close on deals as efficiently as possible, and this sounds like a great strategy to do just that (While also staying within the confines of the law:)

I have been doing a lot of research lately and I have herd many times over about submitting multiple offers on different properties. My question is what if I analyze 100 properties and find that 5 are great deals and would all work for me but I could only acquire 1. Coming from a legal standpoint could I put in offers on all 5 simultaneously and then choose the best counter, Or should I submit one offer at a time?

If anyone out there is currently a buy and hold REI I would definitely be interested to hear your strategy on submitting multiple offers simultaneously!

@Kerry Baird Thanks for the info, this definitely helped me out. Just out of curiosity does the process change if you replaced the portfolio lender with a conventional loan?

Hi, This is officially my first post to the forums! I am looking to begin my real estate career by purchasing several buy and hold residential multi family properties, I will be using a combination of private capital and hard money for the purchase, reno, and holding costs. After the required seasoning period I will be refinancing with a conventional home loan. For the sake of my question let's say I have excellent credit and I am using a Portfolio Lender that has already given me 2 loans on MFR's which both cashflow 300 each. If my only source of income on paper is a few thousand dollars a month from my retirement W2 and the small cashflow stream, will I be able to pursue additional deals and obtain more loans to grow my business without hitting any major roadblocks? Any info would be greatly appreciated.